Cryptocurrency gained status as an investment model in late 2009. The fluctuating and gradually increasing prices of Bitcoin attracted investors to it. Many developers invested their time in studying the concept of cryptos. Today, there is more than 14k crypto being traded. Additionally, the market capitalization of these digital tokens platform such as The Bitcoin Revolution app has increased to $3 trillion.
Is crypto tokens worth investing in?
Yes, even after a decade it is an important question in the minds of many users. While the crypto market has grown, there is still a group that is afraid of this investment scheme.
Given below are a few benefits of crypto investments.
Yes, every cryptocurrency works on the decentralized finance model. This means transactions are independent and do not involve any banking agencies. These regulatory agencies do not track any crypto transactions. Over the years, this benefit has become a growing concern for the government. Today, the government is working towards regulations to govern crypto transactions.
Security in transactions
Yes, this is another benefit. Every crypto transaction makes use of the blockchain philosophy. It means the user transactions break down into single units of blocks. These blocks are then stored as a chain in the public network. Each of these blocks is assigned a unique reference name independent of the users. Anyone having access to the public network can view the transactions.
Market performance of crypto tokens
The cryptocurrency market is always fluctuating. The price volatility of crypto tokens is an embedding factor. The crypt investment market is open 24*7 adding to the difficulty. The price of Bitcoin has increased from $1 to $65k in 2020. Yes, crypto can indeed make an investor super-rich.
Let us look at five popular coins that are still worth investing in 2022.
Yes, undoubtedly the top in the list. The market performance of this token in the past two months is worrying. But market analysts and crypto experts still vouch for this token. Given the popularity and advances in technology, the token is expected to cross the $100k mark. Today, the token is traded at $30k per token. If it seems pricey today, the token will make you super-rich in the next two years.
Another top in the list. Ethereum is also known as silver in the crypto industry. The token makes use of blockchain and proof of work philosophy to enable transactions. It became popular amongst investors for its ability to replace a few flaws of Bitcoin. The transaction speed is higher and costs are lesser. The token is currently traded at $3k. The developers are also working on its advanced version of ETH 2.0. It will make use of the proof of stake philosophy. Additionally, the platform also allows decentralized apps that run on ETH payment systems.
Although, a meme coin this token is worth investing in. the token is gaining huge popularity for its acceptance. The most recent price increase in this token is attributed to the tweet and adoption by the Tesla group. It is a major step toward large-scale doge coin adoption. Such changes will also allow for increased use of tokens and subsequently price increase.
Another popular coin that gained attention for its eco-friendly operating model. Bitcoin takes on a huge volume of environmental hazards. The mining activity on Bitcoin goes through rigorous energy consumption. Cardano leveraged this drawback by making a platform that is energy efficient. The token is being increasingly adopted by financial institutions. Cardano platform allows taking a huge volume of transactions in the chain in less than a day. Such transactions on the traditional currency scheme may take more than two business days to close.
If you are on the lookout for an affordable token to invest in 2022, then XRP is the choice. The token works on decentralized finance and allows the execution of smart contracts. It also allows users to develop apps on the network thereby gaining large level adoption. Additionally, the token also makes use of the proof of stake philosophy. It allows investors to earn while staking their tokens. By the end of 2022, XRP will touch the $1 mark in the investment market.
If you are planning to start crypto investments, then the time is right. The market is recovering and the prices of tokens will increase in the coming days.